Engineering & Mining Journal

DEC 2018

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CHINA MINING 2018 DECEMBER 2018 • E&MJ 43 www.e-mj.com tern of mining cooperation. This year marks the 40 th anniversary of China's reform and opening up, and it's the 40th anniversary of China's mining industry's ever-expand- ing foreign exchange and development. Back in the 1980s … international coop- eration of exploration and development be- gan with offshore oil and it was carried out by introducing foreign capital and actively exploiting mineral resources. Today, we not only meet the demands for rapid domestic industrialization, but export mineral prod- ucts to earn foreign exchange, laying the foundation for industrial modernization." The development of China is intertwined and integrated with world development, Hao explained. He believes the world econ- omy is at the forefront of a recovery. "For the first time, more developing countries are faced with resource development growth," Hao said. China has also been developing very fast. In 2017, the investment in ex- ploration in new resources was 78.2 billion RMB ($11.3 billion). "In the future, the door of China's reforms will only open wid- er and wider," Hao said. "We will continue to promote investment, modernization and trade liberalization in the mining sector, and promote a new pattern of mining develop- ment. At the same time, we will implement the reform measures related to the environ- ment and resource optimization." At the time, he said, China by No- vember 1 would reduce or eliminate tariffs on 1,585 items, covering a wide range of nonmetallic rare earth and other minerals. "In addition to reducing tariff barriers, we will also have a higher level of openness to trade and services related to mining," Hao said. These statements were made six weeks prior to the arrest of Huawei's CFO in Vancouver. "We should improve communications, share our experiences, and provide a bet- ter environmental policy toward mining," Hao said. "We should support a modern trade system to maintain market stability and reduce risks for both sides. We call on other governments and the mining in- dustry to focus on fairness so that others can benefit from sustainability and green development. We have a bright future and the Ministry of Natural Resources will work with the mining industry to build a shared community for mankind." China's Mineral Resources (2017) Precious Metals (metric tons) ................. Other Metals (thousands of tons) ............ Gold.......................................... 13,196 Cobalt ............................................ 688 Silver ...................................... 316,000 Lithium Oxide .............................. 9,674 Platinum group metals .................... 365 Molybdenum.............................. 30,068 ........................................................... Tungsten (WO 3 ) .......................... 10,304 Base Metals (millions of metric tons) ...... Bauxite ....................................... 5,089 Bulk Commodities (billions of metric tons) Copper .......................................... 106 Coal ............................................ 1,667 Lead ............................................... 90 Iron ore ........................................... 85 Nickel ....................................... 11,181 Phosphate Rock ............................... 25 Tin .............................................. 4,500 Manganese ........................................ 2 Zinc .............................................. 185 Potash ............................................... 1 Source: Ministry of Natural Resources, People's Republic of China n rmet 0 0@® EQUIPMENT SERVICE CONSTRUCTION ROCK CHEMICALS REINFORCEMENT DISCOVER A DEPTH OF EXPERIENCE WHERE EXPERIENCE MEETS INNOTION We've been around long enough to know that success in this business means learning to anticipate the unexpected. Sometimes you encounter a challenge with no proven solution. It's in these moments that Normet truly shines. That's because our teams are built around some of the most passionate problem solvers and innovators on the planet. Our skilled technical experts support our clients through every challenge, large or small, so that projects stay on budget, on schedule, and on track. NORM ET.COM n o rmet

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